New Delhi: The Ministry of Finance has asked the regulator of the market, Sebi, to take the necessary measures to address issues that have recently led to the national stock exchange. In a written reply to the Lok Sabha on Monday, the Minister of Finance, Anurag Singh Thakur, said that the National Stock Exchange of India Limited (NSE) on 24 February 2021 made a decision to stop trading from 11:40 am. technical problems.
The system of interoperability among clearing firms, which allows market participants to consolidate their clearing and settlement functions at a single clearing house, has remained functional regardless of the stock exchange on which the trade is conducted.
Trading on the NSE resumed from 15:30 and trading hours were extended from 15:30 to 17:00 for the day in all three stock exchanges – NSE, BSE and MSEI – to enable investors to increase their existing positions. . “The Department of Economic Affairs (DEA) has advised SEBI to investigate the issues that led to the cessation of trading in the NSE and the corresponding disaster recovery process. “DEA further advised SEBI to take the necessary measures to ensure that all the underlying issues leading to the disruption of the market are properly addressed,” the minister said.
Foreign investors (FPIs) had a net investment of 2332 million on 24 February 2021. NSE is one of the largest derivatives exchanges in the world and has the largest market share (by total turnover) in India – 93.2 percent in cash trading with equities and 99.9 percent in equity derivatives trading during 2019-20.
Source: Telangana Today